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ACCA and IMA pull out of mutual recognition agreement

August 13, 2013

The Association of Chartered Accountants (ACCA) and the US Institute of Management Accountants (IMA) have said their Mutual Recognition Agreement (MRA) will not proceed.

ACCA and IMA said they were concerned that the MRA could be "misused as an inappropriate entry point by some in the market for ACCA students and CMA candidates" and not as a benefit for existing qualified members to gain a second credential, as originally intended.

The institutes said there were concerns that some students could make career decisions based on "perceived shortcut routes to qualification" instead of looking at the merits of each qualification...Read More

Source: The Accountant online

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